Google to open an incubator for Israeli companies (and it's free)

Google Israel has announced that it will open an incubator in its Tel Aviv offices in August 2012. The incubator will be free, and will allow start-up companies to stay for several months during which their personnel will be exposed to Google. Google will not take equity in the start-ups (Hat Tip: Lance K).A Google research director made the announcement Sunday at the company’s annual conference